I’ve finally done it! I’ve reached a dividend cash record that I’ve been working towards for years! This month’s new dividend income report is here and I’m excited to share!
September Dividend Cash Record Month
I’m sure you can already tell… I’m thrilled to report the dividend income progress I’ve made this month. It’s taken a lot of work, time and money to make this happen. While this month’s report is more of a beginning then an end to reaching further goals, it is something I’m very proud to have finally achieved.
Let’s get to it.
This month I received $1,027.85 in dividend income. On average, I was paid $21.86 from 47 fantastic companies. I absolutely love having 47 passive income jobs with some of the best run companies in the world!
We once again have a huge monthly dividend income increase. This month’s dividend income is a 127.13% increase over September 2016. This type of increase will allow me to reach my goals of early retirement in just a few more years.
New Buys - September 2017
Date Company Ticker Dividend Income 9/12/2017 3M Co MMM 22.89 9/1/2017 BHP Billiton plc (ADR) BBL 25.16 9/1/2017 Boeing Co BA 43.52 9/1/2017 Chevron Corporation CVX 42.90 9/1/2017 Costco Wholesale Corporation COST 17.00 9/1/2017 Cummins Inc. CMI 12.96 9/1/2017 Digital Realty Trust, Inc. DLR 4.65 9/1/2017 Discover Financial Services DPS 10.50 9/1/2017 Duke Energy Corp DUK 33.36 9/1/2017 Emerson Electric Co. EMR 3.84 9/1/2017 Exxon Mobil Corporation XOM 78.01 9/1/2017 Ford Motor Company F 48.97 9/1/2017 Hershey Co HSY 7.87 9/1/2017 Home Depot Inc HD 80.10 9/1/2017 Honeywell International Inc. HON 17.96 9/1/2017 Intel Corporation INTC 3.27 9/1/2017 International Business Machines Corp. IBM 52.50 9/1/2017 Invesco Ltd. INV 7.83 9/1/2017 J M Smucker Co SJM 7.80 9/1/2017 Johnson & Johnson JNJ 22.56 9/1/2017 Kellogg Company K 13.50 9/1/2017 Kroger Co KR 20.63 9/1/2017 Lockheed Martin Corporation LMT 5.46 9/1/2017 Main Street Capital Corporation MAIN 2.78 9/1/2017 Marriott International Inc MAR 1.98 9/1/2017 McDonald's Corporation MCD 18.45 9/1/2017 Microsoft Corporation MSFT 25.30 9/1/2017 PepsiCo, Inc. PEP 5.64 9/1/2017 Pfizer Inc. PFE 34.88 9/1/2017 Phillips 66 PSX 38.50 9/1/2017 PowerShares Preferred Portfolio(ETF) PGX 2.92 9/1/2017 QUALCOMM, Inc. QCOM 26.79 9/1/2017 Realty Income Corp O 42.57 9/1/2017 Southern Co SO 29.00 9/1/2017 Stag Industrial Inc STAG 4.70 9/1/2017 T. Rowe Price Group Inc TROW 9.69 9/1/2017 Target Corporation TGT 40.30 9/1/2017 Travelers Companies Inc TRV 18.72 9/1/2017 Unilever plc (ADR) UL 10.76 9/1/2017 Union Pacific Corporation UNP 21.08 9/1/2017 United Technologies Corporation UTX 2.80 9/1/2017 UnitedHealth Group Inc UHN 3.75 9/1/2017 VF Corp VFC 8.53 9/1/2017 Visa Inc V 4.79 9/1/2017 W W Grainger Inc GWW 38.40 9/1/2017 Wal-Mart Stores Inc WMT 24.79 9/1/2017 Wells Fargo & Co WFC 23.77 9/1/2017 Weyerhaeuser Co WY 3.72
It’s a huge increase and a gigantic sum of dividend cash to receive for doing nothing… zero work! Being a dividend income investor is the best job in the world. I can’t wait to be able to do this full time in a little less than 5 years!
September’s dividend cash covers electricity, gas, internet, groceries and dining out. Pretty much all of my larger expenses outside of the mortgage.
Here is a chart of my dividend income progress over the last 2 years.
The dividend portfolio has been updated.
Cash got smashed this month after investing in upgrades to get rental property #1 ready for sale. However, overall net worth pretty much stayed flat.
Let’s do the numbers…
Another huge cash decrease this month. This time the money was used to invest in rental property 1 to get it fixed up to sell. It’s funny, I would never spend this kind of money on my primary home, but I’m happy to shell it out for the CHANCE to sell my rental property for more.
Here is where it all went. Brand new kitchen appliances – $7,500. We bought them on sale from HD and “saved” a little over $1,000. We also purchased new fancy granite countertops for the whole unit for about $2,500. We also changed all the lighting in the unit to LEDs and painted all the walls. The place looks great. We are now planning on listing the unit for 250k.
As I mentioned above, we are selling rental property #1. Our hopes are to get roughly 250k for the property and we would like to net roughly 230k. There are a lot of variables that will go into that. First, our agent is a friend and I hope to only be charged 1.5% on the selling agent side. That hasn’t been “worked out” yet, but I’m pretty sure it is possible. Also, 3% from the buyer’s agent takes a large chunk of cash as well. Ugh. On top of that, we have been deprecating the rental property and that will come back and eat some additional cash. I just don’t know how much yet. However, these are all pie in the sky numbers at the moment. Perhaps nobody will like the unit or, maybe everybody will like it and there will be a bidding war (cross your fingers for me). We’ll know more once all of the rehab is done next week.
The money from this sale will most likely go into paying off my mortgage. While I understand this isn’t maximizing my earning potential for this windfall of cash, I am getting a guaranteed return of 3.5% (my mortgage interest rate). I’m okay with that! And, I’ll be more mortgage free. I suspect the level of freedom not having a gigantic mortgage payment do every month will be extremely liberating.
This month’s dividend income increase truly shows that what I’m trying to do is working. I mean, I made over one thousand dollars this month for doing nothing! On top of that, rental property #1 is almost ready to list and hopefully that will go as well as planned and I’ll be mortgage free!
Now, as to where I think we are going in the markets. The Fed will begin to reduce their balance sheet this month. Apparently, by 10 billion and will ratchet that up to 50 billion in the following months. This should put some pressure on the markets and interest rates should begin to rise. That will certainly be welcome to us dividend investors that would love some better values. However, those better values will come from a reduction in stock prices and we are going to see a lot more red days ahead. For all you folks that trade forex and focus on the USD, this should also be welcome news. Typically higher interest rates appreciates the base currency. There should be some good opportunities approaching.
I still have plenty of cash and will be anxiously awaiting a correction. It would be great to see a 5-10% correction this October, but only time will tell.
Did you break a monthly dividend income record? Do you think we’ll see a correction this month?